The Famous Company, one of the world’s fastest growing music industry service providers, have today announced a $1 million investment from MFE Holdings LLC.
The investment is earmarked for an ambitious new online project, designed to disrupt the unsigned music sector on a global scale.
The investment will also be used to grow The Famous Company brand and business model in the United States, building on the company’s recent expansion into Los Angeles, California.
Tom Morris, CEO and President of MFE Holdings, rose to global success after starting Alloy Wheel Repair Specialists Inc. in Atlanta, Georgia. The business expanded to over 400 franchises and licensees and spanned 48 states and 18 countries. By 2016, Tom had grown the collective revenues of the company to over $100 million and sold AWRS to a private equity company.
Tom says: “The Famous Company has a very unique concept that they have created and one that has great potential around the globe. My vision is to help create a world class franchise opportunity in major markets utilizing The Famous Company’s concepts and growing the brand.
I plan to spend time promoting the company and being involved in creating a world class artist development dynasty.”
“I’ve always had a great passion for music, hence my attraction to The Famous Company. Due to changes in the music industry there is a need and opportunity to provide uniform, consistent, and fair pricing to artists that desire development. For those artists that have the desire and talent to match I also see the need for unsigned artists to do business with a fair publishing and distribution company.
“I’m committed therefore to create hubs in major markets to help artists, both hobbyists and professionals, to receive the wide array of services that The Famous Company offers and help turn Famous into a global brand.”
Benjamin Rees, CEO of The Famous Company, says:
“We’re excited to get to work with Tom on the next chapter of The Famous Company. He brings the experience of building a brand across the globe after his success with AWRS. He is an entrepreneur and a visionary, and he understands what The Famous Company is about and what we are trying to do in the industry.
Los Angeles based, music industry powerhouse, Jonnie Forster has also joined The Famous Company as COO, with years of international publishing and licensing success we’re excited to work with him on a our global strategy.”
Since launching in 2014, The Famous Company has built a team of award-winning industry specialists who offer a range of services for labels, managers and artists across the globe, helping their clients turn their creative visions into a project that fulfils their musical aspirations. The Famous Company’s creative team are experts in music production, videography, artist branding, PR, plugging, photography, website and graphic design and publishing. All services are managed by a dedicated account manager with advise on budgeting and logistics, KPI analysis and end-to-end project management.
1st February 2018